Ralph Byer serves as a wealth management advisor with Merrill Lynch. Experienced in financial planning, he was included in Barron's Top 1200 US Financial Advisors list in 2020 in recognition of his exceptional performance and service. Ralph Byer assists clients with legacy planning at Byer Wealth Management Group of Merrill Lynch.
Legacy planning is the action of passing down assets or capital to a successor, typically a family member. This is highly important as it can help a person provide for their family or loved ones upon their death. It can also help a person preserve an asset and place it in trusted hands.
Legacy planning allows you to grow your wealth while enjoying a comfortable lifestyle. Upon your death, your assets will transfer to your family and loved ones. Certain assets that can be passed with legacy planning may be taxable, so it is smart to check with a financial advisor and tax expert to better understand the taxes that are due and plan accordingly.
